Yemisi Izuora
The volume of gas exported by Nigeria in June stood at 99.38 billion standard cubic feet, SCF.
The Nigerian National Petroleum Corporation, NNPC Monthly Financial and Operations Report for June, indicated that a total of 216.60 billion SCF of natural gas were produced in the month, translating to an average daily production of 7.22 billion SCF.
The report indicated that the 99.38 billion SCF of gas exported during the month was part of about 115.88 billion SCF of gas commercialised during the month, the balance being 16.50 billion SCF channeled to the domestic market.
This, the report noted, translates to an average daily supply of 550.10 million SCF per day of gas to the domestic market and 3.31 billion SCF per day of gas supplied to the export market.
The report further stated that from the 550.10 million SCF per day of gas supplied to the domestic market in June 2016, about 326.80 million SCF per day of gas representing 59.41 per day was used for gas-fired power plants while the balance of 223.30 million SCF per day or 40.59 percent was supplied to other industries.
“This implies that 54.51 percent of the total gas produced was commercialised while the balance of 45.49 per cent was either re-injected, used as upstream fuel gas or flared.
“Gas flare rate was 6.98 percent for the month of June 2016, that 494.70 million SCF per day compared with average gas flare rate of 8.62 per cent, that is, 660.89 million SCF per day for the period July 2015 to June 2016,” the NNPC report stated.
It added: “For the period of July 2015 to June 2016 an average of 991.72 million SCF per day of gas was supplied to the domestic market comprising of an average of 650.39 million SCF per day or 65.58 percent as gas supply to the power plants and 341.32 million SCF per day or 34.42 percent, as gas supply to industries”.